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Market Ripping

Posted on 11/10/22 at 1:43 pm
Posted by GeekedUp
Virginia
Member since Jun 2009
3080 posts
Posted on 11/10/22 at 1:43 pm
Market blowing up today, even on traditional stocks.

Is this due to election results or something else?
Posted by HailToTheChiz
Back in Auburn
Member since Aug 2010
53800 posts
Posted on 11/10/22 at 1:44 pm to
Who the hell knows anymore
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82060 posts
Posted on 11/10/22 at 1:45 pm to
quote:

Is this due to election results or something else?

CPI number, figured that was pretty well established today when the DOW went from 65pts to 650pts in the matter of seconds after the number was released.
Posted by CSinLC
Member since May 2018
2090 posts
Posted on 11/10/22 at 2:48 pm to
Suppossedly a lower than expected inflation report.

Dems are playing around with the numbers.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
93896 posts
Posted on 11/10/22 at 2:50 pm to
Mortgage Rates just went under 6% on par
Posted by el Gaucho
He/They
Member since Dec 2010
58529 posts
Posted on 11/10/22 at 2:56 pm to
They’re trying to trick people into putting more money in
Posted by TigerDeBaiter
Member since Dec 2010
10671 posts
Posted on 11/10/22 at 3:18 pm to
muh pivot!!!!

I guarantee this was not the bottom. The fed is not going to pause/pivot with 7.7% inflation
Posted by geauxpurple
New Orleans
Member since Jul 2014
16640 posts
Posted on 11/10/22 at 4:14 pm to
Not due election results. Investors are interpreting data as showing that inflation may be peaking.
Posted by Auburn1968
NYC
Member since Mar 2019
25212 posts
Posted on 11/10/22 at 6:10 pm to
On the political effect side, I expected a surge, but it will wear off until Congress actually changes in Jan. Of course, there are many factors that wag that dog.


Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 11/11/22 at 8:55 am to
quote:

Dems are playing around with the numbers.


Would you explain exactly how they’re doing that?
Posted by AllDayEveryDay
Nawf Tejas
Member since Jun 2015
9496 posts
Posted on 11/11/22 at 9:10 am to
By interpreting 7.7% as a decrease from last month (8.2%) and not an increase from 6.2% YoY, or an increase of 0.4% every month, basically. It's not specifically a democratic thing, but a political thing.

Inflation is still going strong, especially less food (up 11% w/o adjustment) and energy (up 18%) which is a more positive outlook.

It's all right here
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 11/11/22 at 9:25 am to
I’m well aware of the calculations and mechanics. But it’s not about anyone “playing with” the numbers. Ten people can interpret those numbers ten different ways. The market reaction (yesterday) was in part based on the interpretation that inflation is not running as hot as it had been.
Posted by skewbs
Member since Apr 2008
2195 posts
Posted on 11/11/22 at 9:48 am to
quote:

Inflation is still going strong


I think you need to better understand what the market is expecting, and looking for, here. NO ONE expects inflation to stop cold turkey. That's not how this works. It will take a LONG time for inflation to come down to normal levels. The market was looking for inflation to peak, or in other words, ease up. This data is showing that may be happening. That is a GOOD thing for a forward looking mechanism like the stock market.

Not that hard to understand. Don't make this more complicated than it needs to be.
Posted by AllDayEveryDay
Nawf Tejas
Member since Jun 2015
9496 posts
Posted on 11/11/22 at 10:18 am to
Don't tell me what to do, devil woman.
Posted by FLObserver
Jacksonville
Member since Nov 2005
15852 posts
Posted on 11/11/22 at 5:08 pm to
quote:


The market was looking for inflation to peak, or in other words, ease up. This data is showing that may be happening. That is a GOOD thing for a forward looking mechanism like the stock market.

Not that hard to understand. Don't make this more complicated than it needs to be.



The great reset is next month though. In the mean time i be like from the last month IN the Market

While the bears still sitting on their dusty mattress full of cash
This post was edited on 11/11/22 at 5:11 pm
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53119 posts
Posted on 11/11/22 at 6:03 pm to
I still have some cash on the sidelines but I never sold any of my longs during all of this unless it was going into something else.

I suspect the first half of 23 will probably suck but I'm not great at timing the market. I really care more about what it looks like in 10 years vs 10 months although I do a little trading too.
Posted by FLObserver
Jacksonville
Member since Nov 2005
15852 posts
Posted on 11/11/22 at 6:24 pm to
I sold a couple of positions today : DG and GD.
Both were at Highs and both defensive stocks. I do see the market down early next year and putting some cash aside from my sales to buy back at lower prices for these two.
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